What goes into each box – Denmark VAT Report
The following table shows how NetSuite uses the tax codes to get the values for the Denmark VAT Report.
|
|
Description |
Tax Code |
|---|---|---|
|
1 |
Output VAT (VAT payable) |
VAT amount of sales S-DK + VAT amount of sales adjustment of Box1, S-DK + Notional tax amount of purchases RC-DK |
|
2 |
Input VAT (VAT deductible) |
VAT amount of Purchases S-DK, RC-DK, I-DK, IS-DK, ES-DK, ESSP-DK, Deduct_S-DK, Deduct_I-DK + Notional amount of purchases RC-DK, IS-DK, ES-DK, ESSP-DK, ID-DK, I2-DK + VAT amount of purchase adjustments box4, S-DK, I-DK, IS-DK, ES-DK, ESSP-DK + (Net amount of purchases IV-DK - Nondeductible tax amount of NonDeduct_S-DK, NonDeduct-DK) |
|
International Trade |
|
|
|
3 |
VAT on goods purchased abroad (both the EU and third countries) |
Notional Tax amount of purchases I-DK, ID-DK, ES-DK, I2-DK + VAT amount of purchases I-DK, ES-DK, Deduct_I-DK + VAT amount of purchase adjusments Box2, I-DK, ES-DK + (Net Amount of purchases IV-DK - Nondeductible tax amount of NonDeduct_I-DK) |
|
4 |
VAT on services purchased abroad subject to a reverse charge |
Notional tax amount of purchases ESSP-DK, IS-DK |
|
5 |
Box A - goods. The value exclusive of VAT of goods purchased in other EU countries (EU purchases) |
Net amount of purchases ES-DK |
|
6 |
Box A - services. The value exclusive of VAT on services purchased in other EU countries |
Net amount of purchases ESSP-DK |
|
7 |
Box B - goods - to be reported to the 'EU sales exclusive of VAT' system. The value of goods sold exclusive of VAT to other EU countries. |
Net amount of sales ES-DK |
|
8 |
Box B - goods - not to be reported to the 'EU sales exclusive of VAT' system. The value of, for example, installation and assembly, distance selling and new means of transport sold exclusive of VAT to other EU customers not registered for VAT. |
Editable field |
|
9 |
Box B - services. The value of certain sales of services exclusive of VAT to other EU countries. To be reported to the 'EU sales exclusive of VAT' system |
Net amount of sales ESSS-DK |
|
10 |
Box C. Enter the values of other goods and services sold exclusive of VAT in Denmark, other EU countries, and countries outside the EU. |
Net amount of sales EZ-DK, O-DK, OS-DK |
|
Energy Taxes |
|
|
|
11 |
Oil and bottled gas tax |
VAT amount of purchases S2-DK, Deduct_S2-DK + (VAT amount of purchase adjusments box5, S2-DK - Nondeductible tax amount of NonDeduct_S2-DK) |
|
12 |
Electricity tax |
VAT amount of purchases S3-DK, Deduct_S3-DK + (VAT amount of purchases adjustment box6, S3-DK - Nondeductible tax amount of NonDeduct_S3-DK) |
|
13 |
Natural and town gas tax |
VAT amount of purchases S4-DK, Deduct_S4-DK + (VAT amount of purchases adjustment box7, S4-DK - Nondeductible tax amount of NonDeduct_S4-DK) |
|
14 |
Coal tax |
VAT amount of purchases S5-DK, Deduct_S5-DK + (VAT amount of purchases adjustment box8, S5-DK - Nondeductible tax amount of NonDeduct_S5-DK) |
|
15 |
CO2 tax |
VAT amount of purchases S6-DK, Deduct_S6-DK + (VAT amount of purchases adjustment box9, S6-DK - Nondeductible tax amount of NonDeduct_S6-DK) |
|
16 |
Water tax |
VAT amount of purchases S7-DK, Deduct_S7-DK + (VAT amount of purchases adjustment box9, S7-DK - Nondeductible tax amount of NonDeduct_S7-DK) |
|
17 |
Total VAT (positive amount =payable, negative amount = receivable) |
(Box 1 + Box 3 + Box 4) - (Box 2 + Box 11 + Box 12 + Box 13 + Box 14 + Box 15 + Box 16) |